HI HB1368

Increases the general excise tax rate on business activities by an unspecified percentage amount, with specific rates left blank in the bill text.

Directs revenue from the tax increase to be deposited into an unspecified special account for operations of an unspecified department under an unspecified chapter.

Amends Hawaii Revised Statutes sections 237-13, 237-15, 237-16.5, 237-18, 237-31, 238-2, 238-2.3, and 238-14 to implement the tax increase and revenue allocation.

Establishes that the same percentage increase applies to both general excise tax and use tax across all affected business categories and transactions.

Effective January 20, 2020, applying to gross income or gross proceeds received and taxes accruing after December 31, 2013.